I'm wondering why hasn't Monero taken off yet?
I think mixers/coinjoins/tumblers/blenders have taken a good share of the market from anonymity and privacy-centric coin like Monero. Just imagine if those were not present, Monero would have been the no. 1 choice.
Do you think government regulations have affected Monero's ability to go higher in price?
Maybe. The FATF regulations scared some centralized exchanges and delisted XMR. I was expecting anon coins to surge with the increased pressure from regulators but I guess users prefer to use mixers.